Technology: Page 78


  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe's new $95B valuation makes it the most valuable Silicon Valley startup

    The payments processing company's new valuation is based on raising $600 million in new capital that it plans to use for further expansion in Europe.

    By March 15, 2021
  • Mobile wallet industry to reach $3.5 trillion by 2023, report finds

    Western countries are behind in adopting the technology, but the pandemic accelerated the digital transformation of payments, according to a report from Finaria. 

    By Tatiana Walk-Morris • March 12, 2021
  • Hand of person tapping phone with dollar signs floating up Explore the Trendline
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    1401461124 via Getty Images
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    Trendline

    Top 5 stories from Payments Dive

    The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.

    By Payments Dive staff
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    Courtesy of Verizon
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    Ride-hailing, payments startup Grab reportedly weighs SPAC with $40B valuation

    The startup has established both a digital wallet as well as a rewards system and numberless credit card. 

    By Anthony Epling • March 12, 2021
  • JPMorgan to pull Chase Pay from merchant apps, sites March 31

    The bank announced in 2019 it would shut down the platform's stand-alone app. Merchant acceptance — about 1% in 2019 — has paled in comparison to competitor Apple Pay's 40%.

    By Robert Freedman • March 10, 2021
  • Kings of Leon releases new album as a 'non-fungible token'

    NFTs, a part of a crypto uptick in the music industry, let musicians see royalties for album sales much faster than with traditional royalty payments, Yellowheart CEO Josh Katz said.

    By Anthony Epling • March 9, 2021
  • PayPal to acquire digital asset firm Curv

    The acquisition follows PayPal's recent expansion of its digital wallet capabilities, including enabling buying, selling and holding cryptocurrency.

    By Andy Burt • March 9, 2021
  • Dogecoin cryptocurrency
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    Mint, Shiba. (2020). "A physical 24 carat gold-plated copper depiction of 10 Dogecoins". Retrieved from Wikimedia Commons.
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    Dallas Mavericks to accept crypto Dogecoin to buy tickets, merchandise

    Critics contend the move to accept "joke coins" is a mistake, and the cryptocurrency's instability may harm consumers.

    By Anthony Epling • March 8, 2021
  • Plaid payroll product streamlines income verification

    Plaid Income is the second product the company has launched since the termination of a proposed $5.3 billion tie-up with Visa, signaling the scrapped deal is not slowing the expansion of the fintech's suite.

    By Anna Hrushka • March 8, 2021
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    "The image" by ajay_suresh is licensed under CC BY 2.0
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    Panda Express opens first ghost kitchen in San Francisco

    The delivery-only location is Panda's initial step in offering faster dining solutions for off-premise guests, with plans to test more concepts this year. 

    By Julie Littman • March 8, 2021
  • PayPal CFO: Pandemic has created 'inflection point' for digital payments

    The virtual payments processor does not anticipate a post-pandemic drop in business, and intends to double its user base and triple total payment volume, according to John Rainey.

    By Jane Thier • March 5, 2021
  • SEC chair nominee promises to write crypto guidelines

    Gary Gensler aims to zero in on which cryptocurrencies should be treated as securities.

    By Robert Freedman • March 4, 2021
  • Stimulus payments fuel surge in ACH transactions

    Nacha, which governs the ACH network, recently announced its plans to increase the same day transfer limit from $100,000 to $1 million, effective March 18, 2022.

    By Ted Jackson • Updated April 6, 2021
  • 59% of US shoppers see Amazon Go as a threat to Walmart, Kroger, study finds

    Stores similar to Amazon's cashierless convenience locations appeal to more than half of U.S. consumers, according to a Piplsay survey. 

    By Catherine Douglas Moran • March 3, 2021
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    Goldman crypto trading desk relaunch portends softer industry stance on Bitcoin

    The bank follows BNY Mellon and JPMorgan in greater crypto acceptance, in a reversal from a May report in which Goldman called Bitcoin an "unsuitable investment." Citi this week said the currency is at a "tipping point."

    By Dan Ennis • March 3, 2021
  • Klarna $1 billion funding round.
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    Courtesy of Klarna
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    Payments startup Klarna raises $1B in funding, hits $31B valuation

    The funding makes it the highest-valued private fintech in Europe and the second-highest globally, according to the company. 

    By Tatiana Walk-Morris • March 2, 2021
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    Dollar Photo
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    Inside Marqeta's plans to grow its 'card-as-a-service' offering

    The card issuer and processor is differentiating through a flexible, API-based platform that helps clients launch card offerings in months instead of years.

    By Suman Bhattacharyya • March 2, 2021
  • Auto retailer HGreg to accept cryptocurrency for purchases

    The company is one of the first auto groups to accept this form of payment, joining a growing host of companies willing to demonstrate their confidence in crypto.

    By Anthony Epling • March 2, 2021
  • Gemini Exchange moves into credit cards, yield-bearing programs

    Crypto exchange’s push is the latest in the growing list of blockchain players adding banking-like benefits. 

    By Ted Jackson • March 1, 2021
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    Dollar Photo
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    Pandemic fueled 32.4% e-commerce surge in 2020

    The biggest jump in online sales occurred shortly after states issued stay-at-home orders. E-commerce sales jumped 44.4% in the second quarter compared to the same quarter in 2019, Census data shows. 

    By Robert Freedman • March 1, 2021
  • Coinbase
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    Courtesy of Coinbase
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    Crypto exchange Coinbase files for IPO, valuation could exceed $100B

    The move serves as another signal of the growing acceptance of cryptocurrency as a store of value.

    By Robert Freedman • Updated March 18, 2021
  • new york city nyc skyline
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    Valadi, Sam. (2012). "Empire State - New York City" [Photograph]. Retrieved from Flickr.
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    Tether, crypto exchange Bitfinex to pay $18.5M to settle NY probe

    Tether will give officials quarterly reports on its reserves and end trading with the state's residents in an agreement that ends a two-year investigation into allegations it hid the loss of $850 million in client and corporate money.

    By Dan Ennis • Feb. 24, 2021
  • A man looks at lines of code depicted on a computer screen
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    sestovic via Getty Images
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    BNY Mellon invests in Fireblocks following startup's digital wallet launch

    The bank invested in the startup a month after Fireblocks and First Digital partnered to roll out a secure wallet and infrastructure for financial institutions to connect to Facebook's Diem digital currency network.

    By Anthony Epling • Updated March 19, 2021
  • Why Global Payments went multicloud

    Large companies venture down the multicloud path to support different business arms.

    By Katie Malone • Feb. 11, 2021
  • new york city nyc skyline
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    Valadi, Sam. (2012). "Empire State - New York City" [Photograph]. Retrieved from Flickr.
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    BNY Mellon commits to holding, transferring and issuing crypto

    The New York-based bank said Thursday it is developing a client-facing prototype for a multi-asset digital custody and administration platform set to roll out this year.

    By Dan Ennis • Feb. 11, 2021
  • Sifter.shop image
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    Courtesy of Sifter
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    Peapod founders re-enter grocery e-commerce with custom shopping tool

    Brothers Andrew and Thomas Parkinson's new service, Sifter.shop, lets customers filter groceries based on health-related criteria and then transmit their orders to selected grocers.

    By Sam Silverstein • Feb. 10, 2021